What is Remitly?
Remitly provides a digital platform for international money transfers, serving over 175 countries and territories worldwide. The service offers competitive exchange rates and low fees, with no U.S. remittance tax applied to digital transfers. Users can send money using various payment methods, including debit or credit cards, and recipients can receive funds through options like cash pickup, mobile money, home delivery, debit card deposits, or direct bank account transfers.
The platform emphasizes security with multiple protection layers and promises on-time delivery, with a fee refund guarantee if transfers are delayed. It provides upfront information on total costs and delivery times before transactions are completed, ensuring transparency. Remitly is accessible via a website and mobile apps, making it convenient for users to manage transfers and track progress through notifications.
Features
- On-Time Delivery Guarantee: Promises timely delivery of funds with fee refunds if delayed
- No Hidden Fees: Offers transparent pricing without U.S. remittance tax on digital transfers
- Multiple Delivery Options: Recipients can receive money via cash pickup, mobile money, bank deposits, or home delivery
- Secure Transfers: Implements advanced security measures including encryption and fraud monitoring
- Wide Coverage: Serves over 175 countries and territories worldwide
- Real-Time Tracking: Allows users to monitor transfer progress through app or website notifications
Use Cases
- Sending money to family members abroad for living expenses
- Transferring funds for international business payments
- Supporting educational expenses for students studying overseas
- Sending emergency funds during crises or travel needs
- Paying for services or goods in foreign currencies
FAQs
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What payment methods can I use with Remitly?
You can use debit cards or credit cards to pay for transfers, requiring details like expiration date, matching name on profile, and CVV/CVC. -
How do recipients receive money from Remitly?
Recipients can choose from options like cash pickup, mobile money, home delivery, debit card deposit, or bank account transfer, depending on location. -
Is there a limit on how much money I can send per transfer?
Yes, limits vary by sending country and verification status, with examples like 100,000 USD for the United States and 85,000 EUR for Eurozone countries.
